iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 12-Month High – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR)’s share price hit a new 52-week high on Monday . The company traded as high as $50.55 and last traded at $50.78, with a volume of 391200 shares. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Up 0.8 %

The company has a 50-day simple moving average of $50.60 and a two-hundred day simple moving average of $50.76.

iShares Short Duration Bond Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1802 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NEAR. Private Trust Co. NA raised its holdings in shares of iShares Short Duration Bond Active ETF by 4.1% during the fourth quarter. Private Trust Co. NA now owns 5,079 shares of the company’s stock valued at $256,000 after buying an additional 200 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of iShares Short Duration Bond Active ETF by 4.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,546 shares of the company’s stock worth $230,000 after purchasing an additional 208 shares in the last quarter. Fortis Advisors LLC grew its position in iShares Short Duration Bond Active ETF by 1.6% in the 4th quarter. Fortis Advisors LLC now owns 13,845 shares of the company’s stock valued at $699,000 after buying an additional 219 shares in the last quarter. First Citizens Financial Corp increased its stake in iShares Short Duration Bond Active ETF by 0.4% during the 4th quarter. First Citizens Financial Corp now owns 62,260 shares of the company’s stock valued at $3,144,000 after buying an additional 259 shares during the period. Finally, Guidance Capital Inc. raised its position in shares of iShares Short Duration Bond Active ETF by 0.8% during the 4th quarter. Guidance Capital Inc. now owns 32,220 shares of the company’s stock worth $1,632,000 after buying an additional 261 shares in the last quarter.

About iShares Short Duration Bond Active ETF

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.